Atlanta Fed GDPNow development estimate for This fall rises to 2.7% from 2.four%

The Atlanta Fed GDPNow development estimate for This fall rises to 2.7 from 2.four% beforehand.

In their very own phrases:

The GDPNow mannequin estimate for actual GDP development (seasonally adjusted annual fee) within the fourth quarter of 2024 is 2.7 p.c on January 7, up from 2.four p.c on January three. After current releases from the US Census Bureau, the Institute for Provide Administration, and the US Bureau of Financial Evaluation, the nowcasts of fourth-quarter actual private consumption expenditures development and fourth-quarter actual gross personal home funding development elevated from three.Zero p.c and -Zero.9 p.c, respectively, to three.three p.c and -Zero.6 p.c, whereas the nowcast of the contribution of web exports to fourth-quarter actual GDP development elevated from Zero.07 share factors to Zero.11 share factors.

The subsequent GDPNow replace is Thursday, January 9. Please see the “Launch Dates” tab under for an inventory of upcoming releases.

This text was written by Emma Wang at www.ubaidahsan.com.



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